Circular Monetary Regulations - REMON 1 - 183. Non-financial Public Entities - Extension of Credit Regime

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 571 28/12/84
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS - REMON - 1 - 183. Non-financial Public Entities - Extension of the credit regime

We address you to inform you that the Central Bank of the Argentine Republic has adopted the following resolution regarding credit operations of the public sector.

"1. The maturity by capital of the currently active special loan lines (Communication "A" 500), applied to the granting of loans to entities of the non-financial public sector excluded from Annex I of Communication "A" 282, is extended until 12.31.85, provided that financial entities proceed in the same manner with the loans granted to said entities.

In the absence of contrary communication from the financial entities, the operations will be proceeded to extend at their maturity.

2. The special loan lines provided for in point 3 of
   Communication "A" 181 - REMON - 1 - 46 - will remain enabled to be affected to the following operations.

2.1. Refinance at their respective maturities the obligations arising from the credits
granted by the same entity, existing as of 6.30.84 and the interest derived from them.

2.2. Meet the credit needs destined to cancel at their maturities, total or
partially, the obligations with other financial entities, existing as of 6.30.84 and the interest derived from them.

For these operations, the provisions of Communication "A" 181

• REMON - 1 - 46 will be applicable, where pertinent.

The term of the loans from the Central Bank of the Argentine Republic will coincide with that of the credits affected to the same and its maturity cannot be later than 12.31.85."

We greet you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
José A. H. Pozzi
Manager of
Public Finances
Horacio A. Alonso
Deputy General Manager